A look at the numbers and industry statistics

MUMBAI: CNBC's "The Entertainment Industry: Taking The Big Leap" brainstorming session held on 19 December in Mumbai, offered some insights into how the entertainment business had fared in the year 2002. Here, we present some views of the participants.

The evening commenced with a short video on the entertainment industry produced by CNBC's Auradha Sengupta, Anita Balagopalan and Naomi. The video rattled off statistics from various researches.

For starters, the Indian film industry produces more than 1000 celluloid films every year. In 2001, the entertainment industry in India was estimated to be around Rs. 128 billion ($2.5 billion - a FICCI-Arthur Andersen estimate). In terms of total revenues in 2001, the size is Rs. 94 billion of which TV broadcasting accounted for Rs. 36 billion.

In 2002, the entertainment industry was growing at a rate ahead of the GDP. In fact, it is one of the few industries which continue to do well even in a recession economy.

KPMG's entertainment business head Rajesh Jain who came up next to throw in some light on the numbers related to the entertainment business, revealed that the largest chunk - the television pie constituted 62 percent - whereas films were 34 percent of the entire chunk in 2002. He added that the mass television channels genre had decreased from 75 percent to 55 percent. The news channels continued to do well.

He also added that the home entertainment industry in the US markets had witnessed the maximum growth from 40 percent to 60 percent. In India, however, it was exhibiting a slightly weaker growth of 20 percent. He added that the live entertainment sector was also witnessing a greater amount of activity along with gaming and online lotteries.

IDBI chairman and managing director P.P. Vora mentioned that 40 films out of the total of 130 films in 2002 belonged to the A category and 15 producers had made profits in excess of Rs 58 crores. There were more than 32 listed companies in film production.

Reliance Entertainment chairman Amit Khanna was emphatic that the Indian film industry shouldn't be identified with the Hindi film industry as the total spend on Hindi films was just 40 percent of the entire moviemaking stake and 35 percent of the box-office stake.

Khanna added that the entertainment industry was a unique one because all its assets were regenerative in nature. The assets can be re-exploited themselves time and again whenever newer media are introduced. He also mentioned that the residual value of the entertainment assets could last up to 60 years as per copyright norms and they continued to remain a valued business proposition.

Khanna also mentioned that the current financial year was not as bad it looked as the industry had grown by 22 percent in the first three quarters of the financial year. He stated that the growth rate compared favourably with that of the IT sector. He also mentioned that the film industry's growth was 11 percent year-on-year.

Khanna also calculated that 11,000 odd theatres in India with an average seating capacity of 700 seats indicated a total of 35 million viewing audiences per day and a revenue of Rs 46 billion. He also added that 15 million people watched Indian films every day.

Latest Reads
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

Whether businesses and industries practice their art of selling fairly although they have 'Fair Practices' training during the academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India.

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs
Sony Pix to telecast 'Jurassic World' on 22 October

Sony Pix will take the viewers on a thrilling, adventurous journey with cloned dinosaurs in their Billion Dollar Premiere property. The channel plans to air Jurassic World on 22 October at 1 pm and 9 pm.

Television TV Channels English Entertainment
Sony AXN scripts deal with Pinewood; buys stake in SVOD service Hopster

Folks at Sony Pictures Television (SPT) are in a celebratory mood. Not only has it signed a six-series deal with Pinewood Television but has also acquired a minority stake in the London-based video subscription service for kids content - Hopster.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories